Weston Homes and Tesco propose 1400-home development in Redbridge
Property developer Weston Homes is partnering with supermarket giant Tesco on a plan to deliver up to 1,400 new homes in North East London.
The companies have been in talks over a project to redevelop the Tesco store and car park at 822 High Road in Goodmayes, Redbridge, into a mixed-use scheme.
Weston and Tesco are set to submit a planning application for a scheme comprising homes, a three-form primary school and new Tesco store on the 10.4-acre site.
Of the proposed 1,400 residential units, 35% would be designated as affordable housing.
The plans will also include employment space, such as workshops and cafes, and the creation of enhanced public realm featuring landscaped grounds.
Tesco intends to maintain continuity of trading if the site is redeveloped.
Subject to planning, the new store will be built in the car park while the existing store remains open. The day after the new site opens, the old store will be closed and later demolished.
Stansted-based Weston Homes currently employs more than 460 staff.
The firm has a development pipeline of 6,000 new homes with a total completed value of around £2bn.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset
Business growth requires the right environment
OpenAI decision a wake-up call for our tech plans
Understanding the new Employment Rights Act